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right here on maryland route 97 near rolling hills drive. police tell us a car clipped the bus, causing it to flip onto its side. one student was on board at the time and was not hurt. both drivers suffered minor injuries. there's no word on which driver was at fault. >>> the ntsb has arrived at the scene of a tragedy in texas. last night a freight train slammed into a parade float carrying wounded veterans and their families. four men who served our country were killed in that crash. nbc's jay gray is live now in midland, texas, where some service members rushed to help save lives just seconds after the impact. jay? >> reporter: yeah, jim, you're right, heroes here. it began as a celebration to honor our nation's heroes but in a matter of minutes at the intersection behind me, it shifted to chaos. now it's giving way to a weekend of mourning here. it stood almost like a memorial to the fallen. not the kind that was planned or that anyone wants to see. >> it was tragic. it was devastating. >> reporter: the twisted metal of a flatbed trailer and the train that smashed into a veterans par
elected us to focus on your jobs. not ours. >> reporter: the president and house speaker john boehner each are drawing a line in the sand over letting the bush era tax cuts expire for americans making more than $250,000 a year. >> instead of raising tax rates on the american people, accepting the damage it will do to our economy, let's start to actually solve the problem. >> reporter: the speaker wants a tax overhaul that raises money by cutti't hammer out a deal by year's end, the nation goes over the so-called fiscal cliff. taxes go up for everyone. an average of almost $3,500 per househo household. republicans say they want the president to address the real problem. >> and the real problem is uncontrolled entitlement spending, and a government that has grown massively. >> reporter: democrats say republicans are going to have to compromise. just like the president and his party did after getting walloped in the 2010 elections. >> we cut $900 billion in spending that we didn't like, painful to us. >> reporter: in washington, a high stakes search for middle ground. the president and the sp
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